The Department of Housing and Urban Development (“HUD”) has just released the “NEW INCOME LIMITS 2018”. Some communities have seen a substantial increase, some modest and a couple have seen a slight decrease.
I have prepared a chart below highlighting some of the communities where we have developments with their new income limits.
| BOSTON METROPOLITAN STATISTICAL AREA | |||||||
| Medway | Norwell | Kingston | |||||
| Dover | Norfolk | Pembroke | |||||
| Norfolk | Marshfield | Foxborough | |||||
| Duxbury | |||||||
| Income limits | |||||||
| Household Size | 1 | 2 | 3 | 4 | 5 | ||
| Income Limit 2017 | $54,750 | $62,550 | $70,350 | $78,150 | $84,450 | ||
| Income Limit 2018 | $56,800 | $64,900 | $73,000 | $81,100 | $87,600 | ||
| Difference | + $2,050 | + $2,350 | + $2,650 | + $2,950 | + $3,150 | ||
| TAUNTON METROPOLITAN STATISTICAL AREA | ||||||||
| Berkley | Dighton | Norton | ||||||
| Taunton | ||||||||
| Income limits | ||||||||
| Household Size | 1 | 2 | 3 | 4 | 5 | |||
| Income Limit 2017 | $47,600 | $54,400 | $61,200 | $68,000 | $73,450 | |||
| Income Limit 2018 | $49,650 | $56,750 | $63,850 | $70,900 | $76,600 | |||
| Difference | + $2,050 | + $2,350 | + $2,650 | + $2,900 | + $3,150 | |||
| BROCKTON METROPOLITAN STATISTICAL AREA | ||||||||
| Bridgewater | Lakeville | West Bridgewater | ||||||
| Income limits | ||||||||
| Household Size | 1 | 2 | 3 | 4 | 5 | |||
| Income Limit 2017 | $46,400 | $53,000 | $59,650 | $66,250 | $71,550 | |||
| Income Limit 2018 | $47,150 | $53,850 | $60,600 | $67,300 | $72,700 | |||
| Difference | + $750 | + $850 | + $950 | + $1,050 | + $1,150 | |||
| WORCESTER METROPOLITAN STATISTICAL AREA | ||||||||
| Boylston | Grafton | |||||||
| Income limits | ||||||||
| Household Size | 1 | 2 | 3 | 4 | 5 | |||
| Income Limit 2017 | $47,600 | $54,400 | $61,200 | $68,000 | $73,450 | |||
| Income Limit 2018 | $48,100 | $54,950 | $61,800 | $68,650 | $74,150 | |||
| Difference | + $500 | + $550 | + $600 | + $650 | + $700 | |||
| PROVIDENCE METROPOLITAN STATISTICAL AREA | ||||||||
| Seekonk | Westport | Rehoboth | ||||||
| Income limits | ||||||||
| Household Size | 1 | 2 | 3 | 4 | 5 | |||
| Income Limit 2017 | $40,400 | $46,200 | $51,950 | $57,700 | $62,350 | |||
| Income Limit 2018 | $45,000 | $51,400 | $57,850 | $64,250 | $69,400 | |||
| Difference | + $4,600 | + $5,200 | + $5,900 | + $6,550 | + $7,050 | |||